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Question 6 [11 points] The supply of gazebos is given by P = S * OSC; demand is given by 16. A specific tax
Question 6 [11 points] The supply of gazebos is given by P = S * OSC; demand is given by 16. A specific tax cf $2 per unit is subsequently imposed and that shifts the supply curve to P a) Solve for the equilibrium price and quantity before and after the tax. Equilibrium price before tax = S Equilibrium quantity before tax = Equilibrium price after tax = S O Equilibrium quantity after tax b) Draw the demand curve and two supply curves 8 Quantity c) bears the burden of the tax? Select one sumers sugMlT MARK sumers and suppl' CLOSE
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